AP NEWS
Related topics

P&G’s Earnings Up 9 Percent

January 25, 1999

CINCINNATI (AP) _ Procter & Gamble Co.’s earnings increased 9 percent during its second fiscal quarter as the consumer product company’s worldwide sales were up 3 percent. The results matched Wall Street expectations.

Earnings for the quarter ended Dec. 31 were $1.14 billion, or 78 cents per share, on sales of $9.93 billion, the company report Monday.

That matched the average estimate of analysts surveyed by First Call.

For the same quarter a year ago, earnings totaled $1.05 billion, or 71 cents per share, on sales of $9.64 billion.

Weaker currencies, primarily in Asia and Latin America, reduced sales by 1 percent during the quarter.

For the first half, earnings totaled $2.31 billion, or $1.58 per share, on sales of $19.4 billion. A year ago, earnings were $2.13 billion, or $1.44 per share, on sales of $19 billion.

The company sells about 300 product brands in more than 140 countries. These brands include Tide detergent, Crest toothpaste, Pantene Pro-V shampoo, Pringles snack chips and Pampers disposable diapers. P&G employs more than 110,000 employees worldwide.

AP RADIO
Update hourly